As we all can see for the past two to three months the market has not chosen a direction, it is neither buying or selling and some persons are waiting to take profit it price rises a little. So my question is judging by the range market we currently experience is it every dip and average Bitcoin investor should buy?
I would extremely recommend so that every dip is worth buying but this will primarily depend on the goal of the investor.
As someone who has started his journey in BTC last 2017, I have personally witnessed the rise and fall of the price of BTC. Back in 2017, 1 BTC was equivalent to $4,000. Fast forward eight (
years from now, the price of 1 BTC is ~$85,000. From this information alone, if you primarily invest for long-term gains, then buying every dip would be beneficial and advantageous on your position.With that being said, if you are a day trader, then you may want to carefully think about buying every dip as the market volatility of prices can vary depending on both intrinsic and extrinsic factors.
As a conclusion, it really depends on the goal of an investor whether they would pursue short or long-term strategy of investment. However personally, I will definitely recommend going the latter route (long-term) and wait for the right time to cash out!